InvestorsHub Logo
Followers 321
Posts 32048
Boards Moderated 22
Alias Born 12/30/2004

Re: wadegarret post# 108888

Tuesday, 11/21/2023 6:08:21 PM

Tuesday, November 21, 2023 6:08:21 PM

Post# of 114752
Wade - DRCT - there's a big difference between a short term trade and a long term investment. DRCT is not investment grade, imho, but still an excellent buy for a quick trade at $3.50. Who knows how legit the number are ? That's going to be important long term, but since nobody except insiders know for sure, traders were probably going to drive it higher in the short term. And that's exactly what happened. Even if it's just a 50/50 chance the numbers are legit, the stock is still worth a lot more than $3.50 on those probabilities. That's simple math.

I bought a very small position despite having doubts about the financials. I still have those doubts.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.